A global stock market crash has begun. European stocks are crashing, Chinese stocks are crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too. In so many ways, it seems like we are watching a replay of the financial crisis of 2008, but this time around the world is in far worse shape financially. Global debt levels are at an all-time high, the 75 trillion dollar global shadow banking system could implode at any time, and there are hundreds of trillions of dollars in derivatives that threaten to wipe out major banks all over the planet. The last major worldwide financial crash was almost seven years ago, and very little has been done since that time to prepare for the next one. If global markets do not calm down, we could see carnage in the months ahead that is absolutely unprecedented.

6 comments:

Anonymous
said...

These autistic are not prophets. I do not like how we believe them to be. So much of what they say is like opening a fortune cookie. Teshuvah is always a good idea. Saying general things we all know to be true. They have been saying things are going to happen for years already. Of course they are bound to eventually be right. I do not know which Adom Gadol said we should hang on every single word they say.One man's opinion. Daniel

FYI, you can google "economic collapse 20xx" (where x is the year) for every single year prior to 2015 and find how every - single - year - was predicted to be THE year where the world goes down the drain. And this is coming often from some major news outlets. Take these articles with a grain of salt.

Anonymous @ 6:24: If you notice, this article is of technical fact and it backs up physically what chazal has been telling us for thousands of years. Yes, autistic children and young adults in Israel etc have been saying things for many years. Many times Hashem suspends consequences to Am Yisroel for many reasons. I would say to look at physical fact and neviim to better understand. Our world is quickly changing and Hashem, I believe, is settling the accounts.

First of all I love your blog and enjoy it on a daily basis.. But, something I have learned through experience.. You quote many people that do not have credibility..Meaning for example this Economic Colapse blog, who is Michael Snyder? What kind of experience , credentials , does he have? He is not like a Rabbi Ely Mansour who is world renowned ( who I also happen to know personally).. Also I learned that what you hear unless you are in the room with a person or Rabbi is often distorted and mixed up ( like the game telephone we used to play as kids).. So the quote the other day that R Keneivsky said to move to Israel now.. Were you there? If not who was.. And if it is published in a Jewish paper or magazine is it true? All journalism today is distorted that is why all the gadolim have said in the past till today that it is a sin to read and believe all Jewish newspapers and magazines.

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